An investigation for investors in NASDAQ:IQNT shares was announced concerning possible securities laws violations by Inteliquent Inc and certain of its directors and officers.
Investors who purchased shares of Inteliquent Inc (NASDAQ:IQNT), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Inteliquent Inc (NASDAQ:IQNT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 2, 2016, Inteliquent Inc filed a Current Report with the U.S. Securities and Exchange Commission reporting its second quarter 2016 results. Inteliquent Inc missed its profit expectations and lowered revenue guidance to the range of $360 million to $370 million, down from previous guidance in the range of $370 million to $390 million, and lowered its EBITDA forecast to the range of $80 million to $85 million, down from a previous forecast of $82 million – $92 million.
On September 19, 2016, Inteliquent Inc announced the resignation of the Company’s Chief Financial Officer, effective September 23, 2016, citing his pursuit of “another career opportunity at a software company.” Shares of Inteliquent Inc (NASDAQ:IQNT) declined on September 20, 2016 to as low as $14.90 per share.
On October 6, 2016, NASDAQ:IQNT shares closed at $16.63 per share.
Those who purchased NASDAQ:IQNT shares have certain options and should contact the Shareholders Foundation.
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